Currently, EUR/USD is consolidating near 1.1370, with attention on the next potential breakout. Based on the 1-hour chart of EUR/USD as of April 18, 2025, this article uses ADX, MACD, and moving averages to predict future market movements and provide short-term trading strategies. For real-time economic data and EUR/USD fundamentals, refer to the official website of the European Central Bank (ECB).
Currently, EUR/USD is consolidating near 1.1370, moving within this range. The price is supported by the moving averages (50MA, 200MA), and there are signs that the next move could be an upward breakout, with 1.1400 being the next target.
※Image source: cTrader platform
ADX is currently above 50, indicating a strong upward trend. If ADX surpasses 70, the upward trend could accelerate, and a trend-following strategy remains effective.
The MACD line and the signal line are forming a bullish crossover, with the histogram also rising. This suggests that upward pressure is increasing, and there is potential for further price increases.
Currently, EUR/USD is in an upward trend. It is important to focus on the following points to shape your strategy:
Whether ADX maintains above 50 or continues to rise
The movement of the MACD bullish crossover
Support near 1.1370 and the next target around 1.1400
Bullish Scenario (Riding the Uptrend)
Entry: Around 1.1370
Target: Above 1.1400
Stop Loss: Below 1.1340
Bearish Scenario (Reversal Play)
Entry: Below 1.1340
Target: 1.1300
Stop Loss: Above 1.1370
Current technical conditions show strong upward pressure, and a trend-following strategy is likely to be effective. It is important to track the movements of MACD and ADX, focusing on capturing the ongoing uptrend.
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This article is intended for informational purposes only and does not constitute financial or investment advice. The analyses and strategies mentioned are based on past data and current market conditions, and may be subject to change in the future. When making investment decisions, always conduct your own research and consult a professional if necessary.
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